obviouscapital000

Expanse between rally lows

Long
BITTREX:EXPBTC   Expanse / Bitcoin
Expanse is a open blockchain platform that has a low market cap of only 10.6M, but if you want to increase your portfolio, it is now in a very good position to do so.
At the daily chart we see it is between the lows from the last rallies, of May 2017 and Dec 2017, and below the 88.6% Fib.
After a few days in a sideways progression it confirmed a fainted double bottom
Concerning volume, although it`s price are very low we have a high OBV and the market is runned by a bullish low volume.
As of momentum, MACD with a confirmed divergence and Willy that was heavily oversold is now moving upwards.
A small entry near the “W” confirmation (0.000133) could be made, or wait for a more clean structure if you want to be in a more safe side.
If the orders get filled, the recommendation is to take profits at 2x at half of the position, to break-even, and another one at 3x.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.